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Bank failure · PA

The Central City National Bank (Central City, PA) — failed July 12, 1947

The Central City National Bank of Central City, Pennsylvania was closed on July 12, 1947 and resolved through a p&a. 0 (0) took over its insured deposits. At failure it held $1.7M in assets and $1.7M in deposits.

Closing date
July 12, 1947
Resolution
P&A (failure)
Acquiring institution
0
Insurance fund
FDIC

Other failures in 1947

What happens when a bank fails